Boeing reported a second-quarter net profit of $1.8 billion, reversed from a net loss of $234 million in the 2016 June quarter when the company incurred several pre-tax charges—including R&D charges related to commercial aircraft programs—that weighed down earnings. Boeing’s 2017 second-quarter revenue dropped 8.5% year-over-year (YOY) to $22.7 billion, but the revenue dip was outweighed by a 17.5% decrease in expenses to $18.4 billion, producing an operating profit of ...

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